Patanjali Foods Share Dividend 2022 Record Date: Yoga Guru Baba Ramdev-backed Patanjali Foods has announced a dividend of Rs 5 per equity share, subject to approval by the members at the Annual General Meeting (AGM). Patanjali Foods Limited, earlier known as Ruchi Soya Industries Ltd, has a strong presence in the edible oil business. Also, it has one of the largest palm oil plantation companies in India. The company features among the top FMCG players and is a pioneer of soya foods in India.
Patanjali is aiming to raise around Rs 1 lakh crore in the next 5 years.
Patanjali Foods share dividend 2022 record date
According to a regulatory filing, September 26 has been fixed as the record date for Patanjali Foods. The record date determines who will be eligible, among shareholders, for the dividend. The company will give a dividend of Rs 5 for the financial year that ended March 31, 2022.
However, this is subject to the approval of the members at the AGM which is scheduled for September 30.
“A dividend of ‘5/- per equity share has been recommended by the Board of Directors for the financial year ended March 31, 2022, subject to the approval of the members at this Meeting. The Register of Members and Share Transfer Book of the Company will remain closed from Tuesday, September 27, 2022 to Thursday, September 29, 2022 (both days inclusive) for determining the entitlement of the members to the dividend, for the financial year ended March 31, 2022,” Patanjali Foods said in the regulatory filing.
“If the final dividend, as recommended by Board of Directors, is approved at the AGM, payment of such dividend will be subject to deduction of tax at source,” it added.
Patanjali Foods share dividend 2022 payment date
Members holding shares in Demat form before the dividend date usually get the amount within 30 days from the date of its declaration at the AGM.
Meanwhile, Baba Ramdev has announced that four new Patanjali companies will be listed on the Indian Stock market within period of next five years. Ramdev also said that the company will provide direct employment opportunities to 5 lakh people in the next five years.